FT’s lowest paid will receive a raise in 2023

Financial Times journalists have secured an above-inflation 2023 pay raise for the lowest-paid in the newsroom, reports Bron Maher of Press Gazette.

Maher reports, “Those earning £42,000 or below a year will receive a consolidated pay rise of £4,200. Those earning more than £42,000 but less than £50,001 will receive a 10% salary increase.

“The agreement comes as news publishers in the UK and US face strikes and walk-outs as employees contend with the highest inflation in decades.

“The FT’s is the largest cumulative pay rise recently reported by Press Gazette.

“The deal was approved in a vote by National Union of Journalists members at the paper. FT chapel secretary Steve Bird said: ‘Throughout the negotiations, the NUJ argued strongly that no member of staff should suffer a real-terms pay cut.'”

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Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.